As we see on Daily chart, by bearish trendline continuation, we just hit the bearish trendline respected by July 2014.
i know this pair is slow, but im giving this a shot since i dont really see this kind of opportunity, using small lots since SL is a little high for my confort but RR are good if plays out.
As we see on 4H Chart. we are finishing on a Pullback to continue bullish ,
1. We are now sitting on a strong support
2. Hitting trendline respected since 97'
3. RSI Showing bullish divergen
4. 50% fibonacci level starting to reject.
5. Lower timeframe 1H-4H formed double bottom.
Trade safe, Risk management.
As we see on Daily chart, we could see we are about to touch 50% level, we need to see some rejection to get more confirmation , we got the bullish trendline about to get hit, also a strong support about to hit and Oversold RSI. right now we got 4 confirmation at the moment about trend reversal or a big pullback , gonna wait till daily candle to close , and get in...
As we see on 4H candle , we are on a bearish trend, i expect it hit short trendline to start dropping again, also i need to see if these few hours candle reject trendline to confirm the short.
trade safe , risk management.
As we see on 4H chart , we have formed Head and shoulder pattern , but since gold these days are going crazy on consolidation and not respecting anything.
heres my point of views either way.
trade safe, risk management.
As we see at 4H we had hit trendline with a beautiful bearish movement but still cant confirm, will it keep dropping? or make a fake out to touch 61.80% fibo to continue bullish?, Big trend looks bullish but all thought we made a higher low on 4H chart and also BIG double top, DXY also is confusing since is been manipulated, sometimes it mirrors DXY sometime is...
As we see at 4H chart we probably forming sHs, im looking to short on 50% fibo with consider stop loss , also we broke out trendline, and short trendline will hit exactly at 50%
trade safe, remember risk management
As we see at 1HR ounce again calculating by chart time, i expect we hit trendline at Friday 00:00 to spike up, Buying at 1709 seems to be a good entry unless it break it.
we looking for a good long opportunity, use proper risk management since spread and volatility on Gold.